Artisan Partners Limited Partnership Sells 70,789 Shares of Flex Ltd. $FLEX

Artisan Partners Limited Partnership trimmed its stake in Flex Ltd. (NASDAQ:FLEX) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,977,615 shares of the technology company’s stock after selling 70,789 shares during the period. Artisan Partners Limited Partnership owned approximately 0.53% of Flex worth $114,642,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Allianz Asset Management GmbH raised its position in Flex by 17.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,393,463 shares of the technology company’s stock worth $138,749,000 after purchasing an additional 360,553 shares during the period. Dynasty Wealth Management LLC increased its holdings in shares of Flex by 80.1% in the third quarter. Dynasty Wealth Management LLC now owns 43,602 shares of the technology company’s stock worth $2,528,000 after buying an additional 19,388 shares during the period. Sowell Financial Services LLC lifted its stake in shares of Flex by 220.6% in the 3rd quarter. Sowell Financial Services LLC now owns 24,891 shares of the technology company’s stock valued at $1,443,000 after acquiring an additional 17,128 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Flex during the 3rd quarter valued at about $1,460,000. Finally, Ethic Inc. grew its position in Flex by 140.2% during the 3rd quarter. Ethic Inc. now owns 46,553 shares of the technology company’s stock worth $2,699,000 after acquiring an additional 27,169 shares during the last quarter. 94.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Jefferies Financial Group reissued a “hold” rating and set a $23.00 price objective on shares of Flex in a research note on Wednesday, November 12th. Zacks Research lowered shares of Flex from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. The Goldman Sachs Group raised their price target on shares of Flex from $67.00 to $74.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Wall Street Zen raised shares of Flex from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Flex in a report on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.78.

Insider Buying and Selling

In other news, CAO Daniel Wendler sold 10,000 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $71.97, for a total transaction of $719,700.00. Following the completion of the transaction, the chief accounting officer directly owned 27,619 shares in the company, valued at $1,987,739.43. This trade represents a 26.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin Krumm sold 21,406 shares of the company’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $61.23, for a total transaction of $1,310,689.38. Following the completion of the transaction, the chief financial officer owned 143,803 shares in the company, valued at approximately $8,805,057.69. The trade was a 12.96% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.57% of the stock is owned by company insiders.

Flex Stock Performance

Shares of FLEX stock opened at $63.02 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 0.73. The company’s fifty day moving average price is $63.70 and its 200-day moving average price is $60.60. The stock has a market cap of $23.17 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 1.54 and a beta of 1.24. Flex Ltd. has a 12 month low of $25.11 and a 12 month high of $72.22.

Flex (NASDAQ:FLEX) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. The company had revenue of $7.06 billion during the quarter, compared to analysts’ expectations of $6.84 billion. Flex had a net margin of 3.17% and a return on equity of 20.99%. Flex’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the company posted $0.77 EPS. Flex has set its FY 2026 guidance at 3.210-3.270 EPS and its Q4 2026 guidance at 0.830-0.890 EPS. On average, equities analysts expect that Flex Ltd. will post 2.33 EPS for the current fiscal year.

Flex Profile

Flex (NASDAQ: FLEX), formerly known as Flextronics, is a global provider of electronics manufacturing services (EMS) and original design manufacturing (ODM). The company offers end-to-end product lifecycle solutions including product design and engineering, prototyping, volume manufacturing, testing, and aftermarket services. Its offerings extend into supply chain management, component sourcing, logistics and distribution, and advanced manufacturing capabilities such as automation and digital manufacturing to support customers from concept through end-of-life.

Flex serves a broad range of industries, including automotive, healthcare, industrial, communications, and consumer electronics, working with original equipment manufacturers (OEMs) and technology companies to accelerate time to market and manage complex supply chains.